Refer to exhibit 9.3. what is the predicted probability of using the coupon by a customer who spends $3000 annually and does not have a simmons credit card?
Answers
The predicted probability of using the coupon by a customer who spends $3000 annually and does not have a Simmons credit card is 0.2369
Predicted probabilities are calibrated or scaled to mirror the discovered occurrence of class 1 activities by using a further regressor that uses the preliminary probabilities to expect the target variable which is the genuine chances. Theoretical probability makes use of math to predict the outcomes. just divide the favorable consequences by the possible consequences.
To calculate probability follow the following steps
In ( p / 1 - p ) = - 2.10 + 0.31\(x_{1}\) + 1.20\(x_{2}\)
\(x_{1}\) = 3000 / 1000 = 3 ( in $1000 )
\(x_{2}\) = 0 ( does not have )
In ( p / 1 - p ) = - 2.10 + 0.31(3) + 1.20(0)
In ( p / 1 - p ) = -1.17
p / 1 - p = \(e^{-1.17}\)
p = 1 / 1 + \(e^{-1.17}\)
p = 0.236854
Therefore predicted probability of using the coupon by customers is 0.2369
Probability is the department of arithmetic regarding numerical descriptions of the way possibly an event is to occur, or how likely it is that a proposition is true. The opportunity of an occasion is a range of between 0 and 1, in which, roughly talking, 0 indicates the impossibility of the occasion and 1 shows certainty.
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Related Questions
{Easy} Risks are a part of any business, What type of risks are faced by the entrepreneurs below? Ryan's employees work in a coal mine that carries risk of injury. This is a(n) _____ risk. Angie's restaurant is located in a flood zone. This is an)____
risk.
Options 1
*External
*Uncontrollable
*Internal
Option 2
*Internal
*External
*Controllable
Answers
Answer:option 1: internal
option2: external
Explanation:
i took the test
Answer: 1: internal
2: external
Explanation: took the test
true or false, Military spending changed a great deal in the 1970s.
Answers
Answer:
false
Explanation:
Which of the following is a benefit associated with regional economic integration?
A. Trade creation
B. Trade diversion
C. Loss of jobs
D. Loss of sovereignty
Answers
Answer:
its b
Explanation:
Answer: The answer is Trade creation
Explanation: I took the test
effective economic demand requires
Answers
What are the effects of an increase in labor productivity on potential GDP, the
quantity of labor, the real wage rate, and potential GDP per hour of labor?
Answers
An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
What are the effects of an increase in labor productivity on potential GDP, the quantity of labor, the real wage rate, and potential GDP per hour of labor?An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
However, the effect on the quantity of labor and real wage rate is less clear-cut. In some cases, an increase in productivity can lead to an increase in the demand for labor and therefore higher wages. In other cases, it can lead to a decrease in demand for labor and lower wages. Ultimately, the effect on potential GDP per hour of labor will depend on the relative changes in output and labor inputs.
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(a) An amount of $100 is deposited into an account at the end of the 1st year, after which payments of $200, $400, $600,... are deposited at the end of every 2 years, that is, there will be a payment of $200 at time 3, a payment of $400 at time 5, and so on. The last payment will be made at the end of the 15th year. Determine the present value if the annual effective rate of interest is 2%. Round your answer to the nearest cent. [7] (b) An annuity-due consists of a first payment of $100, with subsequent payments increased by 7% over the previous one until the 10th payment, after which subsequent payments are level at the amount of the 10th payment. If the effective rate of interest is 7% per payment period, determine the present value of this annuity-due with 20 payments. Round your answer to the nearest cent
Answers
The present value of the series of uneven cash flows and the annuity-due with increasing and level payments can be calculated by discounting each cash flow back to the present using the respective effective rates of interest.
(a) To calculate the present value of the series of uneven cash flows, we need to discount each cash flow back to the present using the given annual effective rate of interest of 2%. The first cash flow of $100 at the end of the 1st year does not need to be discounted since it is already at the present time. The subsequent cash flows of $200, $400, $600, and so on, occur every 2 years. We can treat these cash flows as a series of regular cash flows of $200 at the end of every 2 years. We can use the present value of an ordinary annuity formula to calculate the present value of these cash flows:
Present Value = \($100 + $200/(1 + r)^2 + $200/(1 + r)^4 + $200/(1 + r)^6 + ... + $200/(1 + r)^30\)
where r is the annual effective rate of interest (2% in this case). By substituting the values and calculating the sum, we can find the present value of this series of cash flows.
(b) For the annuity-due with increasing payments followed by level payments, we need to calculate the present value of each payment and then sum them up to find the total present value. The first payment is $100 and subsequent payments increase by 7% over the previous one until the 10th payment. After the 10th payment, subsequent payments remain constant at the amount of the 10th payment. We can use the present value of an annuity-due formula to calculate the present value of these cash flows:
Present Value = \($100/(1 + r) + ($100 * (1 + g))/(1 + r)^2 + ($100 * (1 + g)^2)/(1 + r)^3 + ... + ($100 * (1 + g)^10)/(1 + r)^11 + ($100 * (1 + g)^10)/(1 + r)^12 + ... + ($100 * (1 + g)^10)/(1 + r)^30\)
where r is the effective rate of interest (7% per payment period) and g is the growth rate of subsequent payments (7% in this case). By substituting the values and calculating the sum, we can find the present value of this annuity-due with 20 payments.
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Create the initial ER diagram for a car dealership. The dealership sells both new and used cars, and it operates a service facility. Base your design on the following business rules:
A salesperson can sell many cars, but each car is sold by only one salesperson.
A customer can buy many cars, but each car is sold to only one customer.
A salesperson writes a single invoice for each car sold.
A customer gets an invoice for each car(s) he buys.
A customer might come in only to have a car serviced; that is, one need not buy a car to be classified as a customer.
When a customer takes in one or more cars for repair or service, one service ticket is written for each car.
The car dealership maintains a service history for each car serviced. The service records are referenced by the car’s serial number.
A car brought in for service can be worked on by many mechanics, and each mechanic can work on many cars.
A car that is serviced may or may not need parts. (For example, parts are not necessary to adjust a carburetor or to clean a fuel injector nozzle.)
Answers
Entity-Relationship (ER) diagrams are graphical representations of data or information that show the relationships between entities. The entities in an ER diagram are represented by rectangles, while the relationship is represented by a diamond. Based on the business principles provided, the following basic ER diagram for a car dealership is created: The first ER diagram for a car dealership.
The ER diagram has three entities: Salesperson, Car, and Customer. There are additional four connections to consider:
A salesperson can sell several automobiles, but only one salesperson sells each car. The Salesperson and Car entities have a one-to-many connection in this case.
A customer can purchase many automobiles, but each car is only sold to one consumer. The Customer and Car entities have a one-to-many connection in this case.
For each automobile sold, a salesperson creates a single invoice. This is a one-on-one relationship between the Salesperson and the Car entities.
A consumer receives an invoice for each car(s) he purchases. The Customer and Car entities have a one-to-many connection in this case.
The graphic also includes the entities Service Facility, Service Ticket, Service History, and Mechanic, which depict the service facility at the vehicle dealership. There are additional three connections to consider:
A client may come in just to have their automobile serviced; that is, they do not have to buy a car to be regarded as a customer. The Customer and Service Ticket entities have a one-to-many connection in this case.
When a customer brings in one or more vehicles for repair or service, one service ticket is generated for each vehicle. The Customer and Service Ticket entities have a one-to-many connection in this case.
A automobile that has been serviced may or may not require components. This is a many-to-many link between the entities Car and Mechanic.
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Is Dodgetown, 196 of the 200
Businesses have fewer than 500 employees.what percentage of businesses in dodgetown have more than 500 employees?
Answers
Answer:
-SBs usually employ more people overall, but most of those jobs are low wage-Most SBs have sales < $100K-75% of all SBs have no payroll, only create a job for the owner and about 50% fail in 1st 5 yrs., another 50% fail in second 5 yrs.
Explanation:
What is the difference between mass marketing and marketing segmentation?
A.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
B.
Mass marketing divides a target market into several subsets to market and advertise products, wherein marketing segmentation advertisers create one ad that will simultaneously please all members of their target market.
C.
Market segmentation divides a target market into at least 10 subsets to market and advertise products, wherein mass marketing advertisers create a few ads that will simultaneously please all members of their target market.
D.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will only please some of the members of their target market.
Answers
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
What is mass marketing and market segmentation?Mass marketing is when a firm does not segment their customer base in groups based on shared characteristics but instead markets their goods to all their target audience.
An advantage of mass marketing is that is a cheaper method of advertisement.
Segmentation is the division of people into certain groups based on shared characteristics. Customers can be segmented based on age, benefit received and geography.
An advantage of segmentation is the the company are better able to reach their customers through targeted ads.
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case studies ihn business management
Answers
Explanation: Business management is when you manage a business and also process the amount of people or state down the amount of people and see the jobs to fix or make it better and make the job better for you and the workers and your environment.
Consider an engine manufacturing facility where engines are loaded onto trucks for shipment to customers. Suppose there are 12 different engines that need to be put on 3 trucks so that each truck holds 4 engines and assume that the engines are randomly assigned to trucks for shipment.
a. How many different ways are there to allocate the engines to the trucks?
b. What is the probability that engine 1 is assigned to the first truck?
c. Let event A be the event that engine 1 is assigned to truck 1 and let event B be the event that engine 2 is assigned to truck 1. Are the events A and B independent? Why or why not?
Answers
a. There are 120 different ways to allocate the engines to the trucks.
b. The probability that engine 1 is assigned to the first truck is 1/3.
a. To determine the number of different ways to allocate the engines to the trucks, we can use the concept of combinations. Since there are 12 different engines and we need to put 4 engines on each of the 3 trucks, we can calculate the combination as follows:
C(12, 4) * C(8, 4) * C(4, 4) = 495 * 70 * 1 = 34,650.
However, we need to account for the fact that the trucks are indistinguishable, so we divide the result by the number of ways the trucks can be arranged, which is 3! (3 factorial) since there are 3 trucks.
Therefore, the total number of different ways to allocate the engines to the trucks is 34,650 / 3! = 120.
b. The probability of engine 1 being assigned to the first truck can be calculated by considering that each engine has an equal chance of being assigned to any of the 3 trucks. Since there are 3 trucks and engine 1 needs to be assigned to the first truck, the probability is simply 1 divided by the total number of trucks, which is 1/3.
The calculation of the different ways to allocate the engines to the trucks involves the concept of combinations. Combinations are used when the order of the elements does not matter, which is the case here since the trucks are indistinguishable. By applying the combination formula and considering the number of engines and trucks, we can determine the total number of different allocations.
The probability of engine 1 being assigned to the first truck is straightforward since each engine has an equal chance of being assigned to any truck. Therefore, the probability is calculated by dividing 1 (the favorable outcome) by the total number of trucks.
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what's the difference between buying a car with a loan and leasing a car
Answers
Answer:
leasing is like selling it buying it with a loan is like u dont have eough money so the bank gives u money and u have to repay them with intrests
Explanation:
Identify and explain the three basic steps strategy formulation
Answers
The first three steps in the strategic management process are part of the strategy formulation phase. These include analysis, strategy formulation, and goal setting. The final two steps in strategic management constitute implementation.
I hope this helps it’s all I know
How many blank sections does edge have? this is the second one and ill even show you the first one!
Answers
Select the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity
Answers
Answer:
Assets=liabilities+owner's equity
Rule of law is defined as "the restriction of the arbitrary exercise of power by subordinating it to well-defined and established laws." And includes concepts such as: property rights, government integrity, and judicial effectiveness.
In two separate paragraphs, please explain how Rule of Law is relevant for
National economies (paragraph 1), and
Growth of businesses (paragraph 2)
Answers
The rule of law is relevant for national economies as it promotes transparency, accountability, and limits the possibility of corruption. It also ensures the protection of property rights, promotes fair competition, and encourages investors.
The rule of law limits the arbitrary use of power, promotes transparency, and accountability. This is significant for national economies as it makes a country a favorable destination for investment. The rule of law assures investors that their contractual agreements will be enforced, and their property rights will be protected.
In a stable legal system, businesses feel encouraged to invest more and expand, which leads to the growth of the economy and development. The legal system provides a framework that ensures economic growth by promoting fair competition, market-oriented strategies, and accountability. Thus, the rule of law plays a crucial role in national economies and creates a conducive environment for business growth and development. Its presence assures the enforcement of contracts, and minimizes risks and uncertainties that are associated with transactions.
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Inferring Shrinkage Using a Perpetual Inventory System [LO6-2] In fiscal 2020, assume that HBC reported Cost of Goods sold of $11,571 million, Ending Inventory for the current year of $3,259 million, and Ending Inventory for the previous year (2019) of $3,641 million. Required: If you knew that the cost of inventory purchases was $11,289 million, could you estimate the cost of shrinkage during the year? (Enter your answer in millions- no need to add 6 zeros after your number as these numers are already in millions.) Cost of shrinkage Explanation (amounts in millions) Beginning inventory + Purchases $3,641 11,289 (11,571) -Cost of goods sold. Ending inventory, prior to shrinkage adjustment 3,359 Ending inventory, as reported (after shrinkage adjustment) 3,259 Shrinkage $ 100
Answers
In fiscal 2020, the HBC reported $11,571 million as Cost of Goods Sold (COGS), $3,259 million as Ending Inventory for the current year, and $3,641 million as Ending Inventory for the previous year (2019).
If the cost of inventory purchases is $11,289 million, we can estimate the cost of shrinkage during the year. The cost of shrinkage during the year can be calculated as follows:
Calculation of shrinkage = Beginning inventory + Purchases - COGS - Ending inventory, prior to shrinkage adjustment
Calculation of shrinkage = $3,641 million + $11,289 million - $11,571 million - $3,359 million
Calculation of shrinkage = $100 million
Therefore, the cost of shrinkage during the year is $100 million.
The perpetual inventory system provides the most precise estimate of shrinkage because the inventory balance is continually updated after each sale and purchase. Shrinkage, also known as inventory shrinkage, refers to the reduction in inventory levels due to a variety of reasons, including theft, fraud, spoilage, damage, and administrative errors.
It's calculated by determining the difference between the book inventory level and the actual inventory level.The calculation of shrinkage using a perpetual inventory system is based on a comparison of the actual inventory count and the inventory balance in the accounting records.
The cost of shrinkage is the difference between the cost of goods sold and the cost of goods on hand, as adjusted for inventory shrinkage.
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Explain why it is important for
entrepreneurs to talk with industry
experts when developing the new
business concepts
Answers
Explanation:
Cause they are expert in that kind of task will make thing look faster and easy to deal with while having any problems that arise on the long run of the business, experts will have a ways of making solutions to that cause they have deal with series of serious issues relating to that
After a presentation is created, there is nothing left to do.
True
False
Answers
Answer:
false
Explanation:
last week where you work you sold 356 apples and lost 24 because they expired. the store paid $0.79. what profit did the store make on apples last week ?
Answers
Answer:
$1.50 is the correct answer to the question
Explanation:
T/F : a major obstacle to changing an organization’s culture is that even if the culture is successfully changed, it is likely to change back shortly thereafter.
Answers
The statement is False. A major obstacle to changing an organization's culture is not necessarily that it will change back shortly after a successful transformation. While changing an organization's culture can be challenging, it is possible to create sustainable and long-lasting cultural changes with the right strategies and implementation.
Changing an organization's culture requires a comprehensive approach that includes clear communication, leadership alignment, employee involvement, and consistent reinforcement of new behaviors and values. By addressing these factors and ensuring that the cultural change is deeply embedded within the organization's systems, processes, and practices, it is possible to create a new culture that endures over time.
Successful cultural change initiatives involve providing employees with the necessary resources, training, and support to adapt to the new culture. Additionally, leaders play a crucial role in modeling the desired behaviors, promoting cultural values, and aligning the organization's structures and processes to support the cultural transformation.
While there might be challenges and resistance along the way, sustained efforts and ongoing reinforcement can help prevent a quick reversion to the old culture. By fostering a sense of ownership and commitment among employees and continuously nurturing the desired culture, organizations can create lasting change that becomes deeply ingrained in the fabric of the organization.
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Select the correct answer.
Nike shoes has a symbol of a “swoosh” on all their products whereas Slazenger is symbolized by a black panther. This is an example of what?
A. aided awareness
B. product differentiation
C. corporate image
D. branding
Answers
Answer:
Branding maybe
Explanation:
The government tax for a sole proprietorships and a partnership is classified under
A. personal income
B. small corporations
C. tax free businesses
D. nonprofit organizations
Answers
Answer:
the answer is personal income
Answer:
A. personal income
Explanation:
got it right on edgu 2021
What type of account is used regularly and handles day-to-day
transactions?
A Line of credit
B Money market
C Checking
D Savings
Answers
You use a checking account for day to day transactions. Debit card, checks and deposits are typical transactions for a checking account.
Ella presented her master's thesis to her supervising professor. She had linked many data tables into her PowerPoint
presentation. A year later, she was asked to present her findings at a conference. When she tried to present her slides,
many of her links had broken. Which best explains what happened to her links?
Answers
Answer:Stolen
Explanation:somebody prolly stole her work for there own keep your digital stuff save
Answer:
She renamed a folder or file, and the link can no longer be found.
Explanation:
Briefly describe a sensible equipment maintenance checklist appropriate for a travel booking agency with about four computers that are used to go online and make flight and hotel reservations and use dedicated calendar, appointment, and customer database software. Include in your description at least three discrete programs, systems, procedures, or operations that would go on this checklist. For at least one of the items on the list, describe in detail how you would actually use that procedure in practice, including how often the procedure should be performed
Answers
Answer:
Checklists are clear
Explanation:
checklist:-
Checklist is the simplest method for systematizing scoping of the likely effects of a proposed policy. They help point out areas that require a more detailed assessment. This way, checklists can help to organize the assessment and identify the most important issues.Steps to create
Step 1: Do a “brain dump”
Step 2: Organize and prioritize tasks.
Step 3: Put them on your to-do list.
Step 4: Check off each item as you complete it.
Step 5: Continue adding items as they come up.
In a pizza parlor the chain of command is a general manager, shift manager, and employees. The employees report to the shift manager who reports to the general manager. This exemplifies a ______.
Answers
Answer:
noe ileegs
Ex
no single
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answers
Answer:
The most correct answer is D
since it represents the measure of value used in an exchange, _____ is the marketing mix element that is the basis of most market exchanges.
Answers
Since it represents the measure of value used in an exchange, price is the marketing mix element that serves as the basis of most market exchanges.
Price plays a crucial role in the marketing mix as it determines the monetary value that customers are willing to pay for a product or service. It represents the amount of money or resources a buyer must give up to acquire the desired offering. Price is a fundamental component of the exchange process, where customers assess the value proposition of a product or service against its price to make purchase decisions.
Price reflects the perceived value of the offering and influences customer perceptions, demand, and profitability. It is influenced by various factors, including production costs, competition, market conditions, target customer segments, and pricing strategies employed by the company.
Setting the right price requires careful consideration of factors such as cost-effectiveness, market positioning, price elasticity, and the overall marketing objectives. It is a balancing act between generating revenue and providing customers with perceived value, ensuring that the price aligns with customer expectations and competitive market dynamics.
Overall, price is a critical marketing mix element that serves as the basis of most market exchanges, determining the value proposition and financial outcome of the transaction between the buyer and the seller.
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According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.